Mike Ashley announces personal £195.7m NUFC profit - Via new accounts NUFC
These are for the financial year up to 24 April 2022.
MASH Holdings is owned 100 per cent by Mike Ashley and is basically the shares he owns in all of his business interests, which included the 100% ownership of Newcastle. Of course, that 100% ownership of Newcastle United was transferred to the Saudi Arabia PIF led consortium on 7 October 2021.on 4 July 2023 but are for the year up to 24 April 2022 which includes when ownership of Newcastle United changed hands.for £305m, which is the figure that has already been repeatedly put on the deal ever since.also state that for Mike Ashley ‘A profit on disposal of £195.7m has been recognised in the current year…’ from the sale of Newcastle United.
“On October 7, 2021, the group disposed of the entire share capital of Newcastle United Football Club Limited and its subsidiaries for a total consideration of £305m… “A profit on disposal of £195.7m has been recognised in the current year after taking into account the net assets disposed of and legal fees connected with the sale .Newcastle UnitedOnly two days now until it will be exactly 21 months since Newcastle United fans saw the back of Mike Ashley after 14+ years of nonsense and misery.
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